Telsey Advisory Group Predicts Reduced Earnings for Target

Target Co. (NYSE:TGT - Free Report) - Telsey Advisory Group reduced their FY2026 EPS estimates for Target in a note issued to investors on Wednesday, May 21st. Telsey Advisory Group analyst J. Feldman now anticipates that the retailer will post earnings of $7.71 per share for the year, down from their previous estimate of $8.80. Telsey Advisory Group has a "Hold" rating on the stock. The consensus estimate for Target's current full-year earnings is $8.69 per share. Telsey Advisory Group also issued estimates for Target's Q1 2027 earnings at $1.53 EPS and FY2027 earnings at $8.40 EPS.

TGT has been the subject of a number of other research reports. Jefferies Financial Group lowered their price target on Target from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Citigroup decreased their target price on Target from $97.00 to $94.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. Stifel Nicolaus cut their price target on shares of Target from $130.00 to $120.00 and set a "hold" rating on the stock in a report on Thursday, March 20th. Sanford C. Bernstein downgraded shares of Target from a "market perform" rating to an "underperform" rating and dropped their price objective for the company from $97.00 to $82.00 in a report on Monday, May 12th. Finally, BMO Capital Markets reduced their target price on shares of Target from $100.00 to $95.00 and set a "market perform" rating for the company in a report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Target presently has a consensus rating of "Hold" and an average price target of $116.68.

Target Stock Performance

Shares of NYSE:TGT traded down $0.14 on Monday, hitting $94.73. 957,146 shares of the company were exchanged, compared to its average volume of 6,006,124. The firm has a market capitalization of $43.04 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target has a 1-year low of $87.35 and a 1-year high of $167.40. The stock's 50 day moving average price is $96.49 and its 200 day moving average price is $118.65.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $24.20 billion during the quarter, compared to analysts' expectations of $24.54 billion. During the same quarter last year, the business posted $2.03 earnings per share. The company's quarterly revenue was down 2.8% compared to the same quarter last year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.73%. Target's dividend payout ratio is presently 49.23%.

Hedge Funds Weigh In On Target

Several hedge funds have recently bought and sold shares of TGT. Avior Wealth Management LLC grew its stake in shares of Target by 8.9% in the fourth quarter. Avior Wealth Management LLC now owns 4,700 shares of the retailer's stock worth $635,000 after acquiring an additional 384 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock valued at $822,000 after buying an additional 3,059 shares during the period. CX Institutional grew its position in shares of Target by 9.3% during the fourth quarter. CX Institutional now owns 3,994 shares of the retailer's stock worth $540,000 after buying an additional 340 shares in the last quarter. Cyndeo Wealth Partners LLC increased its stake in shares of Target by 4.5% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 5,232 shares of the retailer's stock worth $707,000 after buying an additional 227 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its holdings in Target by 1.9% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 10,288 shares of the retailer's stock valued at $1,391,000 after acquiring an additional 190 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.